20628 Stone House RdHammondLA70401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Hammond at 20628 Stone House Rd, Hammond, LA, 70401 uses $91,163 cash to close to unlock $4,833/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $2,152/mo, and a $1,346/mo payment keeps the spread at $403/mo. Purchase price stands at $275,000, and rental yield measures 9.39% with $2,152/mo rent. Return on cash invested shows 25.21% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 131.49% and total cumulative return in cash records $119,867. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,152/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 2022
9,600 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70401, Hammond, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,489 (100%) |
| Owner Occupied HU | 4,568 (43.6%) |
| Renter Occupied HU | 4,475 (42.7%) |
| Vacant Housing Units | 1,446 (13.8%) |
| Median Home Value | $253,902 |
| Average Home Value | $283,549 |
Housing Distribution
Address Breakdown
Residential
9,636
Single Family
9,246
Multi-Family
390
Businesses
929
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Munn • Keller Williams Realty Services
Mls Name: GSREIN
Mls Provider:
Mls ID: #2496623
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.